Pandemic Financial News

World Economic Outlook (WEO) and expected India to grow at 7 per cent in the current fiscal year ending March 31, 2025 and 6.5 per cent in the next fiscal year (FY2025-26). «In India, the outlook is for GDP growth to moderate from 8.2 per cent in 2023 to 7 per cent in 2024 and 6.5 per cent in 2025, because pent-up demand accumulated during the pandemic has been exhausted, as the economy reconnects with its potential,» the IMF said in the World Economic Outlook. Looking beyond the one-year outlook, the global economy faces a feeble period of medium-term growth, the IMF said as it called for a slate of reforms in its latest WEO during the annual meetings of the fund and the World Bank in Washington.

Peloton plans to sell its deluxe stationary bike at Costco this holiday season as the struggling connected-exercise company seeks to broaden its customer base

Denny’s says it’s closing 150 of its lowest-performing restaurants in an effort to turn around the brand’s flagging sales

The global war against inflation has largely been won — and at surprisingly little cost to economic growth, the International Monetary Fund has declared

INS Tushil, the first of two stealth frigates being built in Russia, is likely to be commissioned in December, sources said on Tuesday. India and Russia signed an agreement in 2016 to build four stealth frigates, two of which were to be constructed at a Russian shipyard, while the remaining two frigates were to be built in India by the Goa Shipyard Limited. 'Tushil' is the first of the two Russian-made ships and this will be followed by 'Tamal', the sources said. The first of the two stealth frigates being built in Russia, 'Tushil', is likely to be commissioned in December this year, a source in the defence establishment said.

IMF) has maintained India’s growth forecast at 7% for FY25, consistent with its July prediction, highlighting that the "pent-up demand" during the pandemic is diminishing as the economy returns to its potential. It is 0.2 percentage points up from the April outlook. For FY26, the forecast stands at 6.5%. The projection is higher compared to both advanced and emerging economies. The global economy is expected to slow to 3.2% in 2024 from 3.3% in the year before.

Treasury Secretary Janet Yellen is telling world financial leaders that the U.S. economy has grown stronger because the Biden administration rejected isolationism, offering a barely veiled criticism of former President Donald Trump’s policies two weeks...

An “affordability shift” is taking root in the U.S. auto industry

Subscribe to enjoy similar stories. When the lease for Alex Macias’ furniture store in Mesa, Ariz., came up for renewal in 2021, his landlord asked for twice the current rent. “In hindsight, they were saying, ‘Well, this is what a national tenant will pay.

stability with a mandate to his government for three consecutive terms and asserted that they strengthened this expression of stability in the recent Haryana Assembly polls. Addressing the NDTV World Summit here, he also said India has a «double AI» advantage and that when the power of 'aspirational India' and 'artificial intelligence' combines then it is natural for development to take place at a fast pace. Modi said India is a friend in times of crisis and cited how the country sent vaccines to scores of nations during the Covid pandemic. «India does not have 'taken for granted' relations, its relations are built on trust and reliability.When India moves forward there is no jealousy but world feels happy about it as its progress benefits the world,» the prime minister said.

Subscribe to enjoy similar stories. The gap in access to mental healthcare in India should perhaps more appropriately be called a chasm. The space is overdue for increased philanthropic interest.

prophecies of legendary mystics Nostradamus and Baba Vanga are making headlines as 2025 approaches, raising concerns about potential chaos and conflict. With predictions suggesting a tumultuous year ahead, both figures offer strikingly similar warnings about the future.

Americans who think of petrified hot dogs, frozen burritos and salty snacks when they imagine getting food at a gas station or truck stop may be pleasantly surprised during their next road trip: U.S. convenience stores are offering them more and better...

Subscribe to enjoy similar stories. Even if he does oversee a soft landing for the US economy, Federal Reserve chair Jerome Powell will not deserve a place in the annals of history as the greatest central banker of all time. Not because bringing down inflation without causing a recession is as much a matter of luck as of skill—and economists will spend years debating how much of each Powell had—but because the mistakes the Fed made in 2021 will haunt the US economy for years to come.

Subscribe to enjoy similar stories. OTTAWA—Justin Trudeau reinvented Canadian politics when he was elected prime minister at the age of 43 in 2015, with a brand built around his good looks and energy. Almost a decade later, Trudeau is fighting for political survival.

The mortgage renewal cliff has loomed like a dark cloud over Canada’s economy ever since its central bank began aggressively hiking interest rates back in 2022.

It’s a trend that has surprised many: Why, despite being squeezed by high prices, have Americans kept spending at retail stores and restaurants at a robust pace

Subscribe to enjoy similar stories. MUMBAI : Domestic institutional investors (DIIs) are major players in India's stock market. These entities, such as mutual funds, insurance companies, pension funds, and banks, manage funds on behalf of individual investors and institutions.

Netflix says its subscriber growth slowed dramatically during the summer, a sign that the huge gains from the video-streaming service’s crackdown on freeloading viewers is tapering off

Subscribe to enjoy similar stories. Travel is undergoing a shift and while artificial intelligence is revolutionizing trip planning by providing tailored options for everyone, it may not help solve the deeper issues within the overall experience, the chief of a global travel search platform said. According to John Mangelaars, CEO of Skyscanner, policy decisions across the world—rather than technology alone—will drive changes in the sector.

Subscribe to enjoy similar stories. The European Central Bank lowered interest rates for the second meeting in a row, speeding the pace of rate cuts to support an economy flashing increasing signs of weakness. The ECB said it would reduce its key interest rate to 3.25% from 3.5%.